Employee Family - Friendly Benefit’s

Shubham Potdar KIT’s IMER Kolhapur

Definition

Family – Friendly benefits such as child care, elder care, fitness facilities, and flexible work schedules that make it easier for employees to balance their work and family responsibilities.

Some possible family-friendly workplace policies:

• Flexi Time : Flex-time - a flexible work schedule - allows people to choose when they work, as

long as they put in their hours every week. Depending upon the employer, that may mean complete freedom to design their own work schedule, or being able to choose from among several set options.

• Job Sharing : Two (or more, but that's very unusual) employees may share a single position, by

each working a fraction of the necessary time. In that way, people can hold, or continue to hold, the position they want, and still have time to spend with children or aging parents, or take care of other family responsibilities.

• Allowing work away from worksite : An employee may work from home or some other remote site some or all of

the time. Telecommuting allows people to work at locations anywhere in the world, regardless of the location of the actual workplace.

• Parental leave : This is a short-term option that allows a parent to take an afternoon or a day

off to pick up a sick child at school or tend to one at home, attend a school performance or athletic event, or otherwise minister to a child's needs.

• Emergency Leave : This offers a certain number of days a year to attend to medical or other

emergencies, usually with pay.

• Elder Care : Although very few employers, if any, actually provide elder day care or

home care, many provide resources and referrals - and even subsidies - for such care.

• Maternity Leave : Part of an employee benefit package may be paid or unpaid leave for the

birth, adoption, or acceptance of the foster placement of a child. A combination of paid and unpaid leave is also a possibility.

Other Benefits :

• Vacation Leave• Paid Leave• College scholarships or loans for employees' children

Advantages

• A benefits package, especially one that offers good health insurance coverage (including dental and vision), helps attract and retain quality employees.

• Offering benefits to employees also can be advantageous to a business owner, who may be able to get personal benefits for less money than if he or she purchased them privately.

• Offering health insurance has been shown to decrease absenteeism and improve employee health and morale; those with coverage are more likely to seek preventative care and live overall healthier lives.

Disadvantages

• Small businesses have less choice in designing a retirement plan because of administrative costs.

• The more benefits a business offers, the more it must pay for

administrative overhead.

Thank You….